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Urkood

Equifax - defaulted / partially satisfied debt entry.

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Good afternoon folks, I have been looking around for advice on the following as i am trying to clean up my credit files folowing completion of an IVA in August 2016.

 

In summary, IVA started in June 2010, settled in August 2016.

One of the creditors has finally updated the credit file at Equifax as below :-

 

You can see that there is no default date on this entry, which should be the start date for the IVA.

 

 

Is this entry going to stay on there for another 6 years from the settlement date,

which should also be the date for te end of the IVA?

If i have the default date corrected will the entry then disappear ?

 

This creditor, Nationwide, seems to be reluctant to assist.

 

Urkood.

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Hi Urkood and Welcome to CAG

 

Was this debt not already defaulted prior to entering your IVA ?

 

Any debts which are included in your IVA but not marked as defaulted, should have a default date added which is the date your IVA started;

 

There will be no change for any debts which have already been marked as defaulted.

 

When a IVA ends and you have received a Completion Certificate, the changes to your credit file depend on whether this is less than six years after the date your IVA started or more than 6 years.

 

Regards

 

Andy


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Cheers Andy,

 

The default date was the start of the IVA (over 6 years ago). My query is really about the lack of a default date on this entry. If the default date is recorded will this one drop off the record (i.e. defaulted over 6 years ago). At present i believe it is showing because there is no default date

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So there was no default notice issued or marked on your CRAs before entering the IVA for the NW debt?


We could do with some help from you.

PLEASE HELP US TO KEEP THIS SITE RUNNING EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

 Have we helped you ...?         Please Donate button to the Consumer Action Group The National Consumer Service

 

If you want advice on your thread please PM me a link to your thread

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yep under the IVA rules they must default the debt on or before the start of the IVA.

 

 

IMHO...

 

 

write to NW

giving them 14 days to default the debt as they should have done on XXXX

include a copy of your IVA that shows the start date.

 

 

give them 14 days

else you'll start a complaint with the ICO and seek finalcial compensate.

 

 

sadly nationwide always seem to have their own rules inmany areas like this....


please don't hit Quote...just type we know what we said earlier..

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, DCA;s would collapse overnight.

 

 

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